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Tue, May 07, 2024 07:06 AM All times are UTC

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Louis Vuitton unveils plans to make department store business its main focus

Jun 24, 2021 08:31 am UTC| Business Economy

Louis Vuitton is one of the most well-known luxury brands in the world, and it managed to maintain its high standing in the fashion business for decades. Even today, this French label is still sought-after by not just the...

Chipotle to give away Tesla Model 3 as grand prize for its ‘Race To Rewards Exchange’ contest

Jun 24, 2021 08:01 am UTC| Business Economy

Chipotle Mexican Grill, the famous grill restaurant chain in the United States, announced it is giving away a Tesla Model 3 car as a grand prize for its video game contest called the Race To Rewards Exchange. Fox...

Google slashing in-app payment fee in South Korea by half

Jun 24, 2021 07:27 am UTC| Business Economy

Google revealed it made the decision to slash its in-app payment fee in South Korea by half. From 30%, a new policy will implement just a 15% fee, and this will take effect in October. The lowered in-app payment fee is...

Shinhan Bank closing down 40 branches due to plunging revenues

Jun 24, 2021 07:17 am UTC| Business Economy

Shinhan Bank revealed its plans to get rid of more than three dozen bank branches before the year ends. It was reported that the financial institution cited the high operating costs and decreasing interest income as the...

S. Korea to hasten greenhouse gas emission reduction from pre-2013 ships

Jun 23, 2021 20:26 pm UTC| Economy Nature Business

South Korea will hasten efforts to cut the greenhouse gas emissions es from ships built before 2013 in line with new environmental regulations by the International Maritime Organization (IMO). Ships built before 2013...

Daewoo Shipbuilding to form global R&D alliance for eco-friendly, smart ships

Jun 23, 2021 20:22 pm UTC| Economy Business

Daewoo Shipbuilding Marine Engineering Co. (DSME) plans to set up a global research and development alliance to develop state-of-the-art shipbuilding technologies to sharpen its competitive edge in the construction of...

Japan needs to invest billions to revive chip industry: top adviser

Jun 23, 2021 20:21 pm UTC| Economy Business

Japan must contribute at least $9 billion toward chip development this fiscal year and billions of dollars more after that if it is to revive the industry. Tetsuro Higashi, Tokyo Electron Ltd. chairman emeritus and the...

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Economy

Nigerians throw naira notes around to show love: but it could land you in jail

The legal implication of physically damaging the naira, Nigerias currency, came into focus recently with the prosecution of at least two celebrities by the countrys Economic and Financial Crimes Commission. Nigeria has a...

The US is one of the least trade-oriented countries in the world – despite laying the groundwork for today’s globalized system

Given the spate of news about international trade lately, Americans might be surprised to learn that the U.S. isnt very dependent on it. Indeed, looking at trade as a percentage of gross domestic product a metric...

Beyond the spin, beyond the handouts, here’s how to get a handle on what’s really happening on budget night

Three weeks from now, some of us will be presented with a mountain of budget papers, and just about all of us will get to hear about them on radio, TV or news websites on budget night. The quickest way to find out what...

Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility

Ivan Vladislavić is Johannesburgs literary linkman. He tells us, in the first pages of his new book, The Near North, that before cities were lit, first by gaslight and later electricity, people of means paid torchbearers...

Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget

With Jim Chalmerss third budget on May 14, Australians will be looking for some more cost-of-living relief beyond the tax cuts although they have been warned extra measures will be modest. As this weeks consumer price...

Politics

Sudan’s civil war is rooted in its historical favouritism of Arab and Islamic identity

The current civil war in Sudan goes beyond a simple power struggle between two generals. It reflects a deep-rooted crisis within the countrys governing structure thats been present since it gained independence from the...

South Africa’s youth are a generation lost under democracy – study

South African president Cyril Ramaphosa recently painted a rosy picture in which the countrys youth democracys children had enormous opportunities for advancement, all thanks to successive post-apartheid governments led...

Sadiq Khan on track for third term as London mayor – but nearly half of Londoners dissatisfied with performance

Polls have consistently shown that the incumbent mayor of London, Sadiq Khan, appears to be on track to win a third term in office at the upcoming mayoral elections on May 2. One poll we commissioned as part of our...

The politics stopping the UK from opening a youth mobility scheme with Europe

Earlier this week, it seemed possible that young people in the UK might soon be able to travel freely to work and live in Europe again. The European Commission laid out proposals to open mobility to millions of 18- to...

Biden administration tells employers to stop shackling workers with ‘noncompete agreements’

Most American workers are hired at will: Employers owe their employees nothing in the relationship except earned wages, and employees are at liberty to quit at their option. As the rule is generally stated, either party...

Science

IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects

About a trillion tiny particles called neutrinos pass through you every second. Created during the Big Bang, these relic neutrinos exist throughout the entire universe, but they cant harm you. In fact, only one of them is...

The Mars Sample Return mission has a shaky future, and NASA is calling on private companies for backup

A critical NASA mission in the search for life beyond Earth, Mars Sample Return, is in trouble. Its budget has ballooned from US$5 billion to over $11 billion, and the sample return date may slip from the end of this...

Dark matter: our new experiment aims to turn the ghostly substance into actual light

A ghost is haunting our universe. This has been known in astronomy and cosmology for decades. Observations suggest that about 85% of all the matter in the universe is mysterious and invisible. These two qualities are...

A Nasa rover has reached a promising place to search for fossilised life on Mars

While we go about our daily lives on Earth, a nuclear-powered robot the size of a small car is trundling around Mars looking for fossils. Unlike its predecessor Curiosity, Nasas Perseverance rover is explicitly intended to...

The rising flood of space junk is a risk to us on Earth – and governments are on the hook

A piece of space junk recently crashed through the roof and floor of a mans home in Florida. Nasa later confirmed that the object had come from unwanted hardware released from the international space station. The 700g,...

Technology

NVIDIA & AMD Secure TSMC’s CoWoS Supply Through 2025 Amid AI Boom

In a significant move underscoring the fierce competition in the AI sector, AMD and NVIDIA have reportedly locked in all of TSMCs Chip-on-Wafer-on-Substrate (CoWoS) manufacturing capacity for the next two years. This...

USDh Launches as First Bitcoin-Backed Dollar Offering 25% Yield

In a groundbreaking development in Bitcoin-native decentralized finance (DeFi), Hermetica has announced the launch of USDh, the first synthetic dollar backed by Bitcoin with a promising yield of up to 25%. Set to debut in...

Huawei's Mate 70 Series to Run on Kirin 9100 Chip: AnTuTu Scores Equal Snapdragon 8 Gen 1

Rumors swirl around Huaweis upcoming Mate 70 flagship series, hinting at a groundbreaking inclusion: the Kirin 9100 chipset. Initial performance figures suggest the chip matches Qualcomms Snapdragon 8 Gen 1, setting the...

Kraken's Bold Move: Expanding into Germany with DLT Finance Partnership

Cryptocurrency giant Kraken makes waves with its strategic decision to launch operations in Germany, a pivotal move in its broader European expansion plan. Teaming up with DLT Finance, a regulated financial institution,...

Macron's France Targets Fourfold Increase in EV Sales by 2027; Welcomes BYD Factory Plans

France has announced plans to quadruple EV sales by 2027. The agreement, enhancing Frances position against global competitors, aligns with a state visit from China, spotlighting potential collaborations with major...